The S&P 500 will remain in focus on Thursday after the index closed slightly lower following the Federal Reserve’s decision to slash its benchmark rate by 50 basis points. Since

We concluded that this was the right thing for the economy and the people we serve,” the Federal Reserve chair, Jerome Powell, said, referring to the central bank’s decision to cut interest rates by half a point.

The US stock market’s reaction to the Federal Reserve’s half-point interest rate cut suggests that all-time high fatigue is still in play.

Asian markets have forged higher after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates

Markets in Europe and Asia shot higher on Thursday after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates. U.S. futures were higher after a lackluster response on Wall Street to the Fed's move the day before.

The Dow and S&P 500 finished lower after the Federal Reserve voted to cut interest rates by half a percentage point.

Wall Street stocks dipped Wednesday after the Federal Reserve announced a half a percentage-point interest rate cut and its chair promised a "careful" approach to lowering rates following progress in